The devastation caused by the structural collapse of a home is a harrowing experience that can shatter the very foundation of one’s dreams. In times of such crisis, the importance of home insurance cannot be overstated. Home insurance, also known as house insurance, is a crucial safety net, offering financial protection against the unexpected. As we delve into the process of rebuilding dreams after the structural collapse of a home, understanding the nuances of home insurance, utilising tools like the home insurance calculator, and comprehending the scope of home insurance coverage become pivotal steps towards recovery. *
In India, structural collapses are becoming a bigger problem. A startling 13,473 building collapse cases were reported between 2010 and 2014, according to the National Crime Records Bureau (NCRB), with an average of seven structures collapsing daily.
Residential collapses, on the other hand, come in second place and account for 4,914 demises, or 37.3% of all demises. This startling data demonstrates that it is a dangerously prevalent problem that the nation is dealing with.
Causes Of India’s Increasing Collapse Rate
Most incidents involving homes and other structures happen in areas with high population densities. Nearly every week, there are reports of building collapses in cities like Mumbai. The majority of construction accidents, according to the Indian Disaster Report 2013, occur in informal housing settlements or low-income, subpar, illegally built housing. Another factor is the real estate boom, which has increased competition in high-rise buildings.
How To Deal With Your Home’s Structural Collapse
Structural instability, poor material quality, or incorrect structural placements often cause buildings to collapse. The frequency of these catastrophes can be reduced if construction is deliberately carried out under careful observation to prevent these problems. In addition, natural disasters like earthquakes or floods can also cause a collapse.
Here are some tips to help you deal with such circumstances and make sure you and your loved ones get hurt as little as possible:
- There may be a greater chance of falls if you move to open areas away from falling debris.
- Due to the damage, be mindful of any potential gas leak or electrical hazard.
- Exercise caution around sharp objects or broken slabs as you emerge from the debris.
- Avoid touching open sockets or power cords.
- Determine whether any family members are trapped inside and report any missing persons immediately to the fire and disaster management authorities.
- Tell your insurance company if your house is covered.
It is necessary to ensure that your home is properly insured. When submitting a claim after incorrect construction causes a collapse, one must exercise extreme caution and thoroughly read the definition of “collapse” in the policy before proceeding. Obtaining a certified copy of your policy and reading it through should be your first action. Accurately calculating the loss and ascertaining the precise cause of the incident is imperative.
Home insurance emerges as a beacon of hope, providing the necessary financial support to piece together shattered foundations. The prudent use of tools such as the home insurance calculator aids in assessing needs and securing adequate coverage. Claims are subject to terms and conditions set forth under the home insurance policy. *
*Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
